Common use of Assignment Not a Restriction on Mortgagee's Rights Clause in Contracts

Assignment Not a Restriction on Mortgagee's Rights. Nothing herein contained shall detract from or limit the absolute obligation of Mortgagor to make payment in full of the Indebtedness, regardless of whether the proceeds assigned by this Article are sufficient to pay the same, and the rights under this Article V shall be in addition to all other security now or hereafter existing to secure the payment of the Indebtedness.

Appears in 2 contracts

Samples: Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Transtexas Gas Corp), Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Transtexas Gas Corp)

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Assignment Not a Restriction on Mortgagee's Rights. Nothing herein contained shall detract from or limit the absolute obligation of Mortgagor to make payment in full of the Indebtedness, Indebtedness regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and the rights under this Article V III shall be in addition to all other security now or hereafter existing to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Mortgage, Assignment, Security Agreement and Financing Statement (Calpine Corp)

Assignment Not a Restriction on Mortgagee's Rights. Nothing herein contained shall detract from or limit the absolute obligation of Mortgagor to make payment in full of the Indebtedness, Indebtedness regardless of whether the proceeds assigned by this Article are sufficient to pay the same, and the rights under this Article V shall be in addition to all other security now or hereafter existing to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Texoil Inc /Nv/)

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Assignment Not a Restriction on Mortgagee's Rights. Nothing herein contained shall detract from or limit the absolute obligation of Mortgagor to make payment in full of the Indebtedness, regardless of whether the proceeds assigned by this Article are sufficient to pay the same, and the rights under this Article ARTICLE V shall be in addition to all other security now or hereafter existing to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Transtexas Gas Corp)

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